Look at Them Yo-Yos Make Your Money Worth Nothing
Banging down the dollar like Trump is obviously hurts. But so does China’s gold binge.
That ain’t working.
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Look at them yo-yos, that’s the way you do it, as someone once said. Only, that’s not the way. Yo-yos are great fun. They go down and then go up — until the moment when the intrepid user loses concentration, gets the timing just wrong, and the yo-yo comes to rest at the bottom of its string. That appears to have happened to the dollar Tuesday after President Donald Trump offered the toy as an analogy for setting the exchange rate of the world’s reserve currency.